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... the the ... has Obama leaks of the fines although Larry Summers as a possible new head of the Federal Reserve ... will have back and mall right and right now on the New Saab ... good afternoon and welcome I'm Simon Constable ... discuss this father ... about than the Washington bureau chief ... of The will Street don't Jerry Sithe ... joins us now ... Jerry thanks for being now ... but some ... so when when other to be ... key candidates but to be ... the chairman of the Fed when Bama nineties Steps Down Larry Summers is one Tamil and and Dell and Silver ... present Obama leading to the defense of money some was somewhat to the side ... well it's it's an interesting by play today and the president when up to Congress with up to Capitol Hill met with ... a separate meeting with House Democrats and Senate Democrats ... and at least in the House Democrat meeting we are told him he ... eyes he said look to defensive Larry Summers essentially ... said ... you know ... I he's in the high qualified person up and don't leave ... them plain him for some the things you're buying it for for example the fact that this to me this wasn't ... a bigger than it was was to the recent run-up when ... Larry Summers is a National economic Council head in the Obama White House ... and I it will lead to believe although exact things the president said in a closed meeting ... out there was a pretty staunch defence of Larry Summers qualifications in general ... I he also said the president is that is said its two senators in a later the second meeting ... of it he's interviewed some people he's talked to some people are ready about this job the White House says the decision is not in the new year led to believe it's ... unlikely to come until September ... of a clue in the present is moving down this path he also mentioned in these conversations with Democrats on the hill a third name ... donk only use to be the ... opposite the vice chairman of the Fed which is the position Janet Yellen holds now ... up so I have for ... at least public consumption is the third name in the mix now well meant and what one of one other things that some people have criticized ... by some as Paul was says some of the closeness to the bank's mind ... Yeh that's I think the principle all liberals ... complain or concern about Larry Summers is that ... you know he's he's seen as somebody who is close to the ... tothe to the big banks out both because of work administrator secretary ... and things he said since leaving government ... aam India and the fact that he's done some consulting work for Citibank ... I think that the concern that liberals have is that um there's been a kind of a ... Tennessean the Obama administration to protect big banks to make sure ... that that they are the hole and he does some extent that was true at the end of the first of the the Bush administration's well ... there was a desire not to see big banks go under in the midst of the financial meltdown ... of the fear that the BYOD destabilizing the entire financial system so ... that extent both the Bush administration and the Obama administration in this period of extreme financial turmoil ... out what to some lengths to make sure big banks could survive ... I suppose that's true I think is also probing the my mind's a lot of people are free defense Mr. ... time to come out now on to some Democrats on the health ... half ... a ... second audit elected to present Obama saying that he should take them in gallon ... promise to have a picture of that to ... what's on the screen now allow that this is the of of very strong candidate and as I may use other three but ... that the too big to two big names out of the summit somehow ... swift to these letters now one was out last week by Senate Democrats mostly ... liberal members of the Senate Democratic caucus ... pushing Janet Yellen is nomination today had a farewell letter ... coming from House Democrats House Democratic women ... who say who pushed Danielle again up in it and I think that ... from their point of view ... having a woman ... break the barrier by becoming the chairman said would be a very big deal so that's understandable um in both cases these are letters that were sent in support of Janet Yellen ... not in opposition to Larry Summers is I think one of these people have ... um what are the conclusions people of love to hear is ... that because the Bush for Janet Yellen they will therefore be against Larry Summers and his careful ... eye we be careful at this point not to equate those two I think if President Obama decides to nominate Larry Summers ... most of the Democrats see this they would've preferred Janet Yellen ... will line up and support the president on Larry Summers so aam the people of the old careful and assuming support for yellow means opposition to some after a very important distinction now absolutely thank you very much a with us any insight from Jerry Sithe repression times ... muni de classified documents reveal previously on Monday tells about the NSA is data gathering ... Johnny me now from washing DC is the will Street dolls terrorism and intelligence reporter Sharon Goldman ... should bomb thanks for joining us this I ... thinks he might get ... ok ... aam new new documents coming out what what we want to suck every time we want something I give them a little terrified ... well I'm ... in the ... prior court authorization to explains the Sunday that a pro ... collection program that the NSA has ... did you really get us that night with the D tells it did outline a little bit more in terms of ... he kind of safeguards in the week at those databases PP ... I searched but what I ... was most interesting was actually ... been discussed and in a separate document day care tests and has put together for lawmakers in two thousand eleven and summarizing ... the phone data collection program ... as well as a terrible program that was ongoing at the time ... the eclectic and a day and it outlined ... a ... number of problems they didn't run into in terms of earth on complying with its going to rules of collection and so should it be known snake during that time that it discovered it had its problems that the Pfizer ... a secret surveillance Court came back and put more restrictions on the program and how they could ... fix those issues ... and what issues are at it does ... to validate the fact that ... the way that these programs are executing his upfront outlooks are some pics and and then it should give some comfort that there is there is some can control their is some ... sort of ... newer and pulling it back when now when maybe it should be run ... basically the Pope bolstering of the claims by the government ... that leads me to the government's claims however he listens to lawmakers like Senator from my list of leading the charge and increasing concerns that some of these programs he says that these that the compliance problems that the government acknowledges that it downplays ... are far more serious than what the plan ... can lead to the lake so far been one of things that come on this that is the isthe ... them with them or don't read a quote from the more mass that day it's an NSA has access to them all likelihood is that the NSA can identify discover an honest I am a network of contacts ... too talkative numbers or addresses ... that's the claim ... aam and this comes on the show we have to be um you know we we have a terrorist act in them ... and and and and Boston but that's what some that's when the stock has climbed front ... yet what with the aim is a need as much data as of late order to be able to draw connections between information that they get three or other intelligence operations can at ... least it is in the steel is not very interesting grace Boston because obviously ... this program certainly didn't tax on that there was something ... before the Boston on awnings and twenty just stations to this program is to first identify ... on a tear Spotswood and United States me a ... headache right that that description a few favorites customers have to put the firm ego in a haystack come to my adding more paid to the haystack so ... kind of a a a tricky one that ... we would appreciate I'm sure born Goldman all the Wall Street John all great stuff as always ... thank you ... welcome to the new stuff there at the beest live I'm Simon Constable ... more trouble at headquarters from my all hopeful and it's a real loser tweets that Antony we know ... this time the trouble is a campaign aided and today I apologize for swearing as an incentive ... for them on this that if a reporter Andrew Grossman joins us some ... unfortunate for the win of the repeat any of ... those some ... of those swept this what what's the deal is agreed with the paper today was that and she's probably never can work in this town again ... this is the cleanest thing that was probably the most pleasant thing from everything ... I've I've read ... what happened to ... sort out and here's a ... Twitter spokeswoman ... she thought she said she thought just talking off the record reporter from talking points memo political news website ... and ... lots of nasty things about a ... former in turn to ... yesterday was published on the front page the Daily News writing a ... fairly nasty although not as ... lewd herself I'm ... column about when was like to work at the wiener campaign why you for joining their ... casting doubts on the motivation saying people including cleaner spokeswoman patchwork resumes who work matters just make me look like for his first one ... to accept it sounds like I'm it's a big piece of white crystals natural dynamic of ... what is more bad news for the campaign when Ascap and it does appear to be on traveling to have a gap ... a senior ... adviser equipment and Transocean managed to get out and basically just ... walked walked off after the ... the second set of revelations that he was Kentucky continued to lose weeding ... he said he was he would still fit and that's been having an effect on his sum ... was polling results front yet the latest fallout from the year gone from being close to first place in most polls to when they came out ... and ... on Monday believe it said that he is ... one last dance place on a server Christine Quinn of the toll for ... passing we knocked on one of sixteen percent that is a big difference from what was ... as recently as June undermine but it is still July's was as much time ago when he was than twenty five percent and Dai Christin chemist and twenty percent I mean what what's on Iran to come ... in to see a lot more ... I think the only hope is that ... died you know this phase and somehow just like he made it seem to be making a comeback early on I mean he ... he he uses is retail trying to to convince people to support him ... it seems like this to me really hard with his staff in disarray and it's an ... and with this latest round of revelations ... I think you have to get a third fourth chance ... to someone ... what's good it's getting out reported sole of my sock employer does not like I ran much of a new price ... an MBIA Venetian spotty at on the right call says the way you can excel ... wine because upgrades mass up small will Street dolls Melissa Korn says and she's here from the man from the roof explain it to us ... so ... killing an MBA the suit what you study of basket weaving something again and rank law stocks that acts ... as physics propel its ivory still hasn't signed kind of got class ... and semi recessed running out ... I'm thinking that in recent days says that ... admissions office as they look at the apron and he programs ... at look at your GPA and don't really take into account ... how hard it was to turn GPS ... so small sign on to have something ... nice or creed inflation is very easy to get in on me ... things ... if you end up with Ali is it doesn't matter that everyone now snack lasted til you're on the free trade admissions office and and and you can do to make debt and doesn't awarded the admissions office as a toll on the the money and people that perhaps calm soft ... comforting deal with the wet because ... I've gone through an MBA program and I caught and I have done the BBC cool says ... and um I haven't had the with some of the calls the worst right ... I'm not just the made for the rest the class was different ... yes so what what's ... even more troubling than the fact that the students may not be allowed to wear is ... added to the lucky ones and the program is that this is up six eighteen old son schools and freight rates ... they know they have to take ... these were the cream and salt that the still seen as this students to have inflated it EPS one up some really nifty if you wanted and that ... and you think you can deal with the program that matches the weighted out ... of the issue is can you do with the program because it they can be very expensive to an end if you get chopped down menu you really doubt the cafe inside the investment now said last arrest that son ... of the investment ... by his past performance is not ... at the SA NT ... in future SAS future returns ... just because this person did pretty good shot ... when it is easy telling ... when they created was very lenient doesn't mean they can handle it now which for most MBA programs that they did have to pass on that the team and test ride or walk the GRE word which is Democrat to a ... test ... so that doesn't somehow because that if he would be giving you have to be a laptop and weaken writes for an indictment of a free simplistic way ... but at a very high level for both of those things and if you could do well Maxim remembers the credit does well there's plenty of questions about how balanced and I stress I am ... here in and ... Pakistan does this company saying now ... we are a measure of how well the sinless in the first year as the school I necessarily ... elemental truth out their entire course or in their career timeline so ... dislike APKT Mets by a Series corner ... it's our health and ... wealth of ... interesting stuff when you're a much less comb ... over management Bureau ahead of the jam ... it's time for the next twenty fall I had always shale I'm I'm Simon Constable women take a sneak peek of what's coming in financial markets of the next twenty four hours to tell us that ... led us ... into being a softness ... the whole fruits ... whole Foods of all Whole paycheck fruits as it is from the tonight show in a more affluent core customer and on ... so it's it's down after hours on and ... another in a growth company and that's the point terraces Yelp somewhat both of these companies plan on stocking up on the talk about ... as for the growth story ... for their industry for Whole Foods has this trend toward people wanting more natural foods in a ... more healthy foods and for the savings I would ... like to see is a great place to go that great stuff and free up its this exposure in the online local ad so that people like about them ... analysts are cautious on the stocks they talk about just that done ahead of themselves they were the valuation ... market so I can so can companies do ... what's ... the difference in this talk of a company ... stock going up ... and being a bit ... told me that time the companies that effect ... we had the feds come out with its timeline suspects is a win over more stuff coming out ... of my right ... right now will have the ECB announced a series but rides actually and we've reported how ... I Europe's Ben burn Anqi Martin tried to throw off the sort of ... at the same time talk about green shoots for Europe's economy but also ... emphasize that they're going to remain accommodative ... and you know as in I discussed yesterday there were some ... more more because of commentary about Europe ... so folks are looking for some exposure there ... Morningstar recommends something I like ... Vanguard's Europe ETF ticker's BTK now I can say with with your I'm always a real one you to to to do well but ... of the sheer size on so so so rapidly ... that the question is is that when when it's done that badly and it doesn't take much to make it look a right thing to Paris to ... re read it on ... and you know it in addition to the right thing but also the here and in mine so ... thousand that's a ... manufacturing of its Purchasing Managers' rice stuff ... to make and if things progress and and also the Chinese him ... contents of some Mostafa combo be fine okay tomorrow morning ... we have some hospitals that of ... other things the soda month exactly and expeditions are for fifteen percent growth overall for us for sale so that's really great so if investors are looking for exposure to that ... slim on the look and as the secured with ... an ETF with a thicker card is ... the Jr was that ... exactly and this is us long-term assets but it's up about twenty five percent so far this year now when when all all people of pushed off from buying cars for a number years because the demand money on an average over anything and those cars wiring out as cars ... to although they tend to be more men than so ... called this is pent-up demand right away saying is it's not just people a feeling flotsam Aussino five new BMW some ... exactly minutes was driving his double digit percentage gains among its ... ten am I actually has ... it that that that very important part of a wealth of the store to pick up ... the industry and they get paid to do like to some locals like are not trade it ... was a plus seven work lattice of MarketWatch ... my was you next twenty